Managers of Wealth

Bank of the West Doubles Clients in HNW Business

Bank of the West’s push into the high-net-worth wealth management market appears to be paying off.

Wealth management products largest share of assets under custodianship

CBA reports growth in custody market

Credit Agricole Profit Surges After Disposal of Greek Unit

The profit surged in the second quarter after the sale of its unprofitable Greek unit.

Nedbank Group Limited Interim Results 2013

The group benefited from its portfolio of diverse businesses and strong performances in the wholesale and wealth businesses resulted in overall headline earnings growth of 13,3%.

Standard Chartered Knocked By $1bn Korean Business Hit

Standard Chartered, which makes more than 90% of its profits in Asia, Africa, and the Middle East, said Korea remains its most difficult market and that it was writing down the value of the business.

Pressure on Apcims to back standard DFM disclosure

The discretionary managers are due to meet with the Association of Private Client Investment Managers and Stockbrokers (Apcims) later this month to discuss the plans.

Wealth manager tests African investments

Africa is evolving, fast. Technology is helping.

Swiss Cantonal Bank Cut by S&P Amid Risk of U.S. Legal Costs

“We foresee ongoing elevated reputational and legal risk at BKB from pending legal actions by the U.S. Department of Justice against Swiss banks,” S&P said after meeting with the management of the company.

'Havoc' as HSBC prepares to close diplomatic accounts

The head of the UK's Consular Corps told the Mail on Sunday the decision has created "havoc".

Bankers bonuses soar to £4.2m while average workers lose out

City payouts went up by £1.8billion in a year as fatcats delayed their bonuses to take advantage of Chancellor George Osborne’s cut in the top rate of tax.

HSBC raises pretax profit 10%, cuts impairments by £1.7bn

Banking giant HSBC Holdings reported pretax profit of $14.1bn in the first half to end-June, an increase of 10% compared with the same period in 2012.

Are bespoke discretionary portfolios sustainable on grounds of cost - London & Capital

The industry debate rages….. whether smaller bespoke discretionary portfolios are sustainable on grounds of cost, with a number of DFMs reviewing the suitability of clients with smaller pots.

HSBC vows to limit impact of EU bonus cap

HSBC has vowed to sidestep European proposals to cap bankers bonuses to prevent an exodus of talent in its Asian and American markets, potentially by raising salaries.

Canaccord Genuity looks to Europe equities and property

Nigel Cuming, CIO of Canaccord Genuity Wealth Management, is considering allocating to European equities and property as equity markets continue to rally.

Singapore’s wealth centre claim gains credence

Legitimate rival to Switzerland; M&A robust in spite of banking downgrade

Credit Suisse spins off Johim as Bermuda National sale goes through

The existing independent directors are also set to remain on the executive board for the foreseeable future. At the end of June Johim had around £3.9 billion in assets under management.

Mars vs. Venus Rings True

Married men and married women provide drastically different answers when asked who is responsible for financial decisions in the household,

Generali says won't sell BSI if price not right

The result, which Generali called its best half-year performance in the past five years

Barclays Joins UBS in Pursuit of Millionaire Clients in Africa

Barclays Plc is joining Citigroup Inc. and UBS AG in targeting millionaire clients in Africa as the continent’s fastest-growing economies swell a rich list topped by billionaires

Law firm acquires financial advice business

In acquiring Capricorn, ILH will also buy The Pentad Group

Wealth and Asset Management